Director/PDMR Shareholding

RNS Number : 9221I

Braveheart Investment Group plc

17 December 2020

 

17 December 2020

Braveheart Investment Group plc

("Braveheart" or the "Group")

Director/PDMR Shareholding

Notification of Transactions of Persons Discharging Managerial Responsibilities (PDMRs)

At the Annual General Meeting held on 8 September 2020, shareholders approved the creation of a share option scheme in order to provide a long term incentive plan for Directors, Employees and consultants of the Group, including those Strategic Investments where Braveheart owns 50% or more of the issued share capital. A new plan, which is limited so that the number of shares awarded under the plan will not exceed 20% of the then issued share capital of the Company, has now been put in place ("the Share Option Plan"). 

Braveheart announces that, pursuant to the Share Option Plan, Trevor Brown and Vivian Hallam, both directors of Braveheart and persons discharging managerial responsibilities ("PDMR") of the Company have been granted options over 1,200,000 and 500,000 Ordinary Shares of 2 pence each in the Group ("Ordinary Shares"), respectively, at an exercise price of 17p per share, being the closing mid-market price on 16 December 2020.  The options vest with immediate effect and are exercisable up to 16 December 2030.

A further 650,000 options over Ordinary Shares have been granted to employees and consultants of the Group, on the same terms as above.

Details of the transactions can be found in the Notification of Dealing Forms below.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Trevor Brown
2	Reason for the notification
a)	Position/status	Director
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Braveheart Investment Group plc
b)	LEI	2138006HQ3COMU626I61
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 2 pence each in Braveheart Investment Group plc GB00B13XV322
b)	Nature of the transactions	Grant of options over ordinary shares
c)	Price(s) and volume(s)	Price(s) Exercise price of 17p per share	Volume(s) 1,200,000
d)	Aggregated information - Aggregated volume - Price - Principal amount	N/A
e)	Dates of the transactions	16 December 2020
f)	Place of transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Vivian Hallam
2	Reason for the notification
a)	Position/status	Director
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Braveheart Investment Group plc
b)	LEI	2138006HQ3COMU626I61
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 2 pence each in Braveheart Investment Group plc GB00B13XV322
b)	Nature of the transactions	Grant of options over ordinary shares
c)	Price(s) and volume(s)	Price(s) Exercise price of 17p per share	Volume(s) 500,000
d)	Aggregated information - Aggregated volume - Price - Principal amount	N/A
e)	Date of the transactions	16 December 2020
f)	Place of transaction	Outside a trading venue

For further information:

Braveheart Investment Group plc Trevor Brown, Chief Executive Officer	Tel: [phone]
Allenby Capital Limited (Nominated Adviser and Joint Broker) David Worlidge / James Hornigold	Tel: [phone]
Peterhouse Capital Limited (Joint Broker) Heena Karani / Lucy Williams	Tel: [phone]

 

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